Definition of Consumer confidence:
An economic indicator that gauges how consumers interpret the present economic environment and their expectations for the future. A decline in consumer expectations can be a leading indicator of slowing economic activity. The Consumer Confidence report is a product of the Conference Board and is based on a monthly survey of 5000 households. It is a timely economic report in that the data released on the last Tuesday of each month is based on the current months survey.
A statistical measure of consumers feelings about current and future economic conditions, used as an indicator of the overall state of the economy.
How to use Consumer confidence in a sentence?
- A survey of consumer confidence showed households had suddenly turned negative about buying “big ticket” items.
Meaning of Consumer confidence & Consumer confidence Definition